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We had a SH XT in the club that was snatch on more than one occasion using the eye bolt without any issues.

There is no doubt that you can do it. The point I have made is that Subaru does not recommend it because the eye bolt is designed for a tow or winch recovery, not a snatch. If a snatch recovery is used and the eye bolt fails or pulls out or damages the sub frame of the car in some way you have no recourse to recover any losses from Subaru.